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5 Dividend Stocks Getting Ready to Hike Payouts

Stocks in this article: BBY CAT PCAR STX RSG

Republic has historically built its business on acquisitions. And while that's left its balance sheet a little on the leveraged side, its cash generation helps to make up for that in a big way. The firm has paid out its 23.5-cent dividend for the last four straight quarters, and I think we're due for a hike to the firm's 2.7% yield. Keep an eye on second-quarter earnings later this summer.

Best Buy

2013 is looking like a transformative year for Best Buy ( BBY) -- or at least that's the plan. Despite getting shellacked by poor sales and scandals in recent years, the firm is emerging from the shadows with a turnaround plan and the ability to execute on it. As sales and profits continue to improve, so too should Best Buy's dividend payout.

Not long ago, Best Buy was little more than a physical showroom for online retail competitors. While the convenience benefits of its brick-and-mortar locations were hard to beat, its prices weren't -- especially on big-ticket items that historically offered the biggest margins. The "Renew Blue" turnaround plan aims to change that. And so far, it's been a success.

There's no question that the electronics retail business is tough -- there's a reason why BBY is the only pure-play name left in town. But that's a big advantage that the firm can leverage as it trims costs, ups profitability and becomes a destination store once again.

If Best Buy can de-commoditize its sales experience (and provide a benefit over the generalized big box giants that it competes against), it has a fighting chance at achieving meaningful growth. Right now, Best Buy pays out a 17-cent dividend for a 2.5% yield. That's an impressive payout considering that this stock has more than doubled in 2013.

To see these dividend plays in action, check out the at Dividend Stocks for the Week portfolio on Stockpickr. 



And if you haven't already done so, join Stockpickr today to create your own dividend portfolio. 



-- Written by Jonas Elmerraji in Baltimore.

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Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to TheStreet. Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes , Investor's Business Daily, and on CNBC.com. Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.

Follow Jonas on Twitter @JonasElmerraji

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